Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Austal continues to build on strong US footprint

austal usns spearhead
Image via Austal.

Austal's American presence is on the up, with the ASX-listed shipbuilder acquiring an aluminium non-destructive testing technology company.

Austal's American presence is on the up, with the ASX-listed shipbuilder acquiring an aluminium non-destructive testing technology company.

ElectraWatch, which boasts the US Navy as its biggest client, will be acquired by Austal for US$6.75 million. ElectraWatch has developed and deployed a unique portable system for the nondestructive testing of aluminium used in demanding environments and in this case, predominantly for aluminium ships.

Advertisement
Advertisement

The US Navy is the primary customer for the technology, with the system forming part of a monitoring environment for a variety of vessels.

The acquisition is a win for Austal which is the largest manufacturer of aluminium ships for defence and commercial sectors in the world.

Austal CEO David Singleton said the acquisition is in line with company's plans to embrace advanced technology.

PROMOTED CONTENT

"The acquisition reflects Austal’s commitment to having the most advanced technology utilised in every element of our shipbuilding enterprise. Combining ElectraWatch’s patented technology with Austal’s advanced ship design, manufacturing and sustainment expertise will reinforce the company’s position as the industry leader in advanced aluminium shipbuilding," Singleton said.

"In particular this acquisition will effectively support and increase our range of services for the shipbuilding and sustainment requirements of our key customer, the United States Navy."

ElectraWatch, which is based in Virginia, is expected to have a CY18 revenue of US$2-3 million.

 

Austal continues to build on strong US footprint
Austal-USNS-Spearhead.jpg
lawyersweekly logo

more from defence connect

Sep 18 2020
Conflicting jurisdictions a major threat to cohesive, national policy making
Every day the battle between the Prime Minister and various state and territory leaders seems to get...
Sep 18 2020
US industry gears up for Reaper replacement with focus on long-range, strike
A collection of US defence contractors are lining up to provide the US Air Force with a replacement ...
Sep 18 2020
Palau to acquire Guardian Class patrol boat
Defence Industry Minister Melissa Price will officially hand over the latest Guardian Class patrol ...
FROM THE WEB
Recommended by Spike Native Network